MENA Syringes & Cannula Market is expected to reach US$ 2.4 Billion by 2031, with sales growing at a 6.4% CAGR | FMI

The MENA Syringes & Cannula Market is expected to develop at a 6.4% CAGR during the projected period. By 2031, the market is expected to be worth US$ 2.4 billion. In 2020, the disposable category represented 87.3% of the overall market share, a trend that is likely to continue throughout the forecast period.

Increasing preference for elective medical procedures and surgeries, as well as rising medical supply consumption, are driving demand for cost-effective equipment and healthcare supplies.

The COVID-19 pandemic increased hospitalization rates, and MENA saw a surge in demand for medical supplies such as syringes, cannulas, and personal protective medical equipment. With an increase in overall medical supply consumption, the region is seeing a growing trend toward the use of syringes and cannulas, boosting the market.

For single-use cases, medical products such as syringes and cannulas are used to prevent the spread of infectious agents and contaminants to providers and patients. This factor reduces the average duration of such product use while increasing the demand for syringes and cannulas in medical settings.

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According to an FMI analyst, “rising diabetes incidence and growing preference for cosmetic surgeries among individuals are expected to create opportunities for growth in the MENA syringers & cannula market.”  

Key Takeaways:

• In 2020, the medical protective equipment segment accounted for 59.8% of the total market share.
• In 2020, the disposables segment accounted for 87.3% of the MENA syringes & cannula market.
• In terms of distribution channels, institutional sales are the dominant segment, accounting for approximately 63.8% of the total market share in 2020.
• Saudi Arabia held 16.2% of the total market share in 2020, a trend that is expected to continue throughout the forecast period.

Competition Landscape

• To gain a competitive advantage, key players in the MENA syringes & cannulas market are launching novel products. They are also expanding their footprint through mergers, acquisitions, and collaborations. As an example:
• • In June 2021, Becton Dickinson and Company received an order for needles and syringes to participate in a vaccination drive in 40 countries, including Saudi Arabia, Germany, and South Africa. • In August 2021, Hindustan Syringes and Medical Devices Ltd met a milestone target of producing 1 billion auto-disposable syringes for COVID 19 vaccinations. The company now has the capacity to produce 50 crore AD syringes per year.

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Key Market Players:

• Ambu A/S
• Becton, Dickinson and Company
• Cardinal Health
• B. Braun Medical Inc.
• Medline Industries Inc.
• Nipro Corporation
• Terumo Corporation
• Hindustan Syringes & Medical Devices Ltd.
• Schott Kaisha Private Limited
• Edwards Lifesciences Corporation
• Abu Dhabi National Industrial Projects Company
• Others

Key Market Segments Covered in MENA Syringes & Cannula Industry Research

By Product:

• Syringes
  • Disposable Hypodermic Syringes
  • Auto Disposable Syringes
  • Safety Syringes
  • Prefilled Syringes
  • Insulin Syringes
• Cannula
  • Neonatal Cannulae
  • Straight Cannulae
  • Winged Cannulae
  • Cannulae with Wings & Port
  • Cannulae with Integrated Stop Cock
  • Nasal Cannulae
• Medical Protective Equipment
  • Medical Masks
  • Surgical Masks
  • N95 Respirators
  • Medical Gloves
  • Medical Gowns
  • Personal Protective Clothing
  • Face Shield
  • Goggles
  • Head Covers
  • Shoe Covers
• Vacutainers
• Blood Collection Needles

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By Usage:

• Reusable
• Disposable

By Distribution Channel:

• Institutional Sales
  • Hospitals
  • Ambulatory Surgical Centres
  • Office-based Clinics
  • Skilled Nursing Facilities & Long Term Care Centres
  • Diagnostic Laboratories
  • Academic and Research Institutions
• Retail Sales
  • Retail Pharmacies
  • Drug Stores
  • Retail Stores (Hypermarket/Supermarket)
  • Online Sales

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